Obama will face a terrible Republican challenger. It will be simmilar to Bush's re-election. Things weren't going great for Bush in '04, but the Democrats picked a terrible candidate that let Bush actually improve on his pop vote
Republicans have no good candidate, and presidential elections are very personal
I think this is a good example of denial.
I'm old enough to remember the "too old" "right wing nut" who "would start World War III" that the GOP nominated in 1980.
I would also point out the inexperienced (by the standards of the day), "too young," "womanizing," "damaged goods" that the Democrats nominated in 1992.